Tuesday, May 11, 2010

AUD weakness

Started the with one break even on AUD/JPY pairs and a small loss on AUD/USD of 15 pips. The first trade was up 50+ pips at one moment but decided to let it run and it did run...out of steam. And it ended at my EP. Was tempted to close it but did not heed my inner voice. The trend started later than usual this week maybe due to Euro rescue package, UK parliament result, etc.

Even the BOE interest rate was a non event with no significant price movement.

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